Move Inc. (NASDAQ: MOVE), which operates popular home-search Web sites including Realtor.com, on Thursday announced that the company is pursuing a potentially "transformational" new venture within the company, to launch in the third quarter of this year, led by the company's real estate division president Allan Dalton. Mike Long, Move Inc. CEO, offered scarce details about the venture in an earnings announcement Thursday. He said that Dalton has left his day-to-day oversight of Realtor.com to focus on "building an entirely new business venture. It could be transformational for both consumers and real estate professionals." Errol Samuelson, president of Top Producer Systems, a Move Inc. company, has been promoted as executive vice president of the real estate division. He will continue to oversee Top Producer operations and will also oversee Realtor.com operations, Long announced. Dalton was promoted in October to serve as president of Move's real estate division after serving as pr...
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